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Equity and Temporary Equity (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Preferred Units
Temporary equity includes preferred securities that are redeemable for cash at the holder's option or upon the occurrence of an event that is not solely within our control based on a fixed or determinable price and other redeemable equity interests. These securities are not mandatorily redeemable for cash nor do they contain a fixed maturity date. The following table sets forth the various series of redeemable preferred OP units and other redeemable equity interests that were outstanding as of June 30, 2025 and December 31, 2024, and the related terms, and summarizes the balance included within Temporary Equity on our Consolidated Balance Sheets (in millions, except for statistical information):

DescriptionOP Units Outstanding
Exchange Rate(1)
Annual Distribution Rate(2)
Cash Redemption(3)
Redemption PeriodCarrying Amount
June 30, 2025June 30, 2025December 31, 2024
Series D preferred OP units488,958 0.80004.0 %Holder's OptionAny time$51.9 $47.5 
Series F preferred OP units70,000 0.62503.0 %Holder's OptionAny time7.5 8.7 
Series G preferred OP units4,898 0.64523.2 %Holder's OptionAny time after earlier of September 30, 2025 or death of holder3.6 19.8 
Series H preferred OP units580,464 0.60983.0 %Holder's OptionAny time after earlier of October 30, 2025 or death of holder59.6 55.4 
Series J preferred OP units236,000 0.60612.85 %Holder's Option
During the 30-day period following a change of control of the Company or any time after April 21, 2026
23.9 22.4 
Series K preferred OP units1,000,000 0.58824.0 %Holder's Option
Within 60 days after March 23, 2028
98.7 94.1 
Other redeemable equity interests(4)
N/AN/AN/AN/AN/A12.7 11.9 
Total2,380,320 $257.9 $259.8 
(1) Exchange rates are subject to adjustment upon stock splits, recapitalizations and similar events. The exchange rates of certain series of OP units are approximated to four decimal places.
(2) Distributions are payable on the issue price of each OP unit, which is $100.00 per unit for all these preferred OP units.
(3) The redemption price for each preferred OP unit redeemed will be equal to its issue price plus all accrued but unpaid distributions.
(4) Includes redeemable equity interests related to joint ventures that primarily operate and maintain solar energy equipment in select communities and portfolios of RV communities in the U.S.
Schedule of Issuances
MonthCommon OP Units IssuedFair Value at Issuance (in millions)Related Acquisition
April 202419,326 $2.5 Port Milford
March 20244,452 $0.6 Land for development
Schedule of Accumulated Other Comprehensive Income (Loss)
AOCI attributable to SUI common shareholders consisted of the following, net of tax (in millions):

June 30, 2025December 31, 2024
Net foreign currency translation income / (loss)$24.2 $(44.1)
Accumulated net gains on derivatives20.0 36.2 
Accumulated other comprehensive income / (loss)$44.2 $(7.9)
Schedule of Noncontrolling Interests
The following table summarizes the common and preferred OP units included within Noncontrolling interests on our Consolidated Balance Sheets (in millions, except for units and statistical information):

DescriptionOP Units Outstanding
Exchange Rate(1)
Annual Distribution Rate(2)
Cash Redemption
Redemption PeriodCarrying Amount
June 30, 2025June 30, 2025December 31, 2024
Common OP units2,823,365 1.0000Same distribution rate for common stockN/AN/A$78.6 $71.5 
Series A-1 preferred OP units170,305 2.43906.0 %N/AN/A12.3 9.2 
Series A-3 preferred OP units40,268 1.86054.5 %N/AN/A2.9 2.3 
Series C preferred OP units292,436 1.11005.0 %N/AN/A21.8 19.5 
Series E preferred OP units80,000 0.68975.5 %N/AN/A6.3 6.0 
Series L preferred OP units20,000 0.62503.5 %N/AN/A2.0 1.9 
Total3,426,374 $123.9 $110.4 
(1) Exchange rates are subject to adjustment upon stock splits, recapitalizations and similar events. The exchange rates of certain series of OP units are approximated to four decimal places.
(2) Distributions are payable on the issue price of each OP unit which is $100.00 per unit for all these preferred OP units.
Schedule of Conversions
Conversions to Common Stock and Common OP Units - Subject to certain limitations, holders can convert certain series of OP units to shares of our common stock and to common OP units at any time. Below is the activity of conversions during the six months ended June 30, 2025 and 2024:

Six Months Ended
June 30, 2025June 30, 2024
SeriesConversion RateUnits / Shares Converted
Common Stock(1)
Units / Shares Converted
Common Stock(1)
Common OP units1.0000 82,505 82,505 68,783 68,783 
Series A-1 preferred OP units2.4390 6,492 15,832 10,332 25,195 
Series C preferred OP units1.1100 4,309 4,782 9,103 10,104 
Series G preferred OP units0.6452— — 4,898 3,160 
Series H preferred OP units0.6098765 465 9 5 
(1)Calculation may yield minor differences due to rounding incorporated in the above numbers.
Schedule of Distributions Declared
Distributions declared for the six months ended June 30, 2025 were as follows:

Common Stock, Common OP units and Restricted Stock DistributionsRecord DatePayment DateDistribution Per ShareTotal Distribution (in millions)
March 31, 20253/31/20254/15/2025$0.94 $122.6 
May 14, 2025 Special Distribution(1)
5/14/20255/22/2025$4.00 $521.3 
June 30, 20256/30/20257/15/2025$1.04 $133.8 
(1) In connection with the closing of the Safe Harbor Sale, our Board of Directors authorized a one-time special cash distribution of $4.00 per common share and common unit.